Tag: late

One coordinator of the “yellow vest” protests, Thierry Paul Valette, told reporters on Saturday that Macron’s announcement would be too little, too late. It’s too late, the game is set and those people will stay on the streets.” In the fourth weekend of demonstrations on Saturday, around 125,000 were estimated to have protested around France. In Paris, 10,000 demonstrators were believed to have taken to the streets with some throwing stones, torching cars and vandalizing shops and restaurants. A

One coordinator of the “yellow vest” protests, Thierry Paul Valette, told reporters on Saturday that Macron’s announcement would be too little, too late.

“(Macron) must provide answers. They are late, unfortunately, they are late and the reality is that when he presents these measures some yellow vests will go home as they will be satisfied, but right now there are a lot of people who simply want the president to resign. It’s too late, the game is set and those people will stay on the streets.”

The government had already said that it would delay planned fuel tax increases for six months but then later went further by dropping them from the 2019 budget altogether. Still, that has failed to halt protests. In the fourth weekend of demonstrations on Saturday, around 125,000 were estimated to have protested around France.

In Paris, 10,000 demonstrators were believed to have taken to the streets with some throwing stones, torching cars and vandalizing shops and restaurants. Over 1,000 people were taken into custody and 264 were injured (including 39 police officers), the Interior Ministry said in a tweet on Saturday.

Analysts predict that Macron will have to change political tack in order to address voter concerns.

“The question is how much, in the way of concessions, is Macron going to have to give to calm the protests down,” Constantine Fraser, European political analyst at TS Lombard, told CNBC Monday.

“I wouldn’t be surprised if over the next few years we see a lot more of a consumer-faced Macron, a Macron who focuses much more on standards of living and on disposable income issues,” he told CNBC’s Street Signs.

Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday. Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing. In mid-October, Tesla officially acquired an 864,885-square meter

Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday.

Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing.

Tesla did not immediately respond to an emailed request for comment.

In mid-October, Tesla officially acquired an 864,885-square meter plot in Shanghai’s Lingang area for the electric car maker’s first factory outside the U.S.

Elon Musk’s company has also launched an official WeChat account for hiring locals.

Producing in China, the world’s largest market for electric vehicles, would allow Tesla to reduce costs significantly. The company has said it is operating at a 55 percent to 60 percent cost disadvantage with a domestic peer due to ocean transport costs and tariffs.

U.S. President Donald Trump has taken another swipe on Twitter at his French counterpart Emmanuel Macron prompted by Macron’s woes over violent protests against fuel taxes. “I am glad that my friend @EmmanuelMacron and the protestors in Paris have agreed with the conclusion I reached two years ago,” Trump tweeted late on Tuesday. “The Paris Agreement is fatally flawed because it raises the price of energy for responsible countries while whitewashing some of the worst polluters,” said Trump, refe

U.S. President Donald Trump has taken another swipe on Twitter at his French counterpart Emmanuel Macron prompted by Macron’s woes over violent protests against fuel taxes.

“I am glad that my friend @EmmanuelMacron and the protestors in Paris have agreed with the conclusion I reached two years ago,” Trump tweeted late on Tuesday.

“The Paris Agreement is fatally flawed because it raises the price of energy for responsible countries while whitewashing some of the worst polluters,” said Trump, referring to a global deal on the environment drafted in Paris in late 2015.

Earlier this week, French Prime Minister Edouard Philippe decided to suspend planned increases to fuel taxes for at least six months in response to weeks of sometimes violent protests, marking the first major U-turn by Macron’s administration in 18 months in office.

A memorial service for the late President George H.W. The 41st president, who died Friday at age 94, has been honored in Washington, all this week. Bush, who served a single four-year presidential term after winning his 1988 election against Democrat Michael Dukakis, was the father of George W. Bush, the 43rd president. The senior Bush’s death brought forth an outpouring of bipartisan reverence for the late president. Media figures, lawmakers and former friends and associates of Bush paid their

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A memorial service for the late President George H.W. Bush is set to be held Wednesday at the Washington National Cathedral.

The 41st president, who died Friday at age 94, has been honored in Washington, all this week. Bush’s body arrived in Washington and had lain in state in the rotunda of the U.S. Capitol building in advance of the funeral Wednesday.

Bush, who served a single four-year presidential term after winning his 1988 election against Democrat Michael Dukakis, was the father of George W. Bush, the 43rd president.

The senior Bush’s death brought forth an outpouring of bipartisan reverence for the late president. Media figures, lawmakers and former friends and associates of Bush paid their respects — including President Donald Trump, who has had antagonistic relationship with the Bush family.

With a month left until the Federal Reserve’s next widely expected interest rate hike, Fed Chair Jerome Powell is facing a critical juncture that could determine the trajectory of the U.S. economy, CNBC’s Jim Cramer said Thursday. Earlier this year, Powell said the Fed was “a long way” from neutral interest rates, signaling more hikes to come. And after last night, it became clear that “Powell gets it, too,” Cramer said. No if we only get one and we wait,” the “Mad Money” host said. “Powell know

With a month left until the Federal Reserve’s next widely expected interest rate hike, Fed Chair Jerome Powell is facing a critical juncture that could determine the trajectory of the U.S. economy, CNBC’s Jim Cramer said Thursday.

After hearing Powell’s remarks in a Wednesday interview with Dallas Fed President Robert Kaplan, Cramer felt that for the first time, Powell was growing cautious about the pace at which the Fed is raising rates. The central bank has said it plans to raise rates once more in December and three times in 2019.

In a question-and-answer session during the interview in Dallas, Powell acknowledged that the pace of global economic growth was slowing, but said it was “not a terrible slowdown.” Earlier this year, Powell said the Fed was “a long way” from neutral interest rates, signaling more hikes to come.

“Kaplan’s questions allowed Powell to walk back his sadly intemperate comments from October, comments that seemed to be almost blithely oblivious to some of the more worrisome data out there,” Cramer reflected on “Mad Money.” “After all, there are degrees of slowdowns that, nonetheless, can cause an awful lot of havoc and cost a lot of jobs, and that’s what we’re on the verge of here.”

And after last night, it became clear that “Powell gets it, too,” Cramer said. The central bank chief is realizing that “there’s another side” to the U.S. economy that is splintering under the dual pressures of higher rates and higher tariffs, he said.

“Is it too late? Yes, if we get four more hikes. Absolutely. No if we only get one and we wait,” the “Mad Money” host said. “Powell knows now that normalizing interest rates isn’t the goal — no one knows what normal is these days anyway.”

Instead, Powell has realized his job is to taper the “end-of-cycle talk” that has been filtering through the stock market and the broader economy and that many see as being tied to his rate hikes and the president’s tariffs, Cramer said.

“We know Powell’s now concerned that we actually could be at the end of the economic expansion. That’s a soft reversal of his earlier position from just one month ago, when he was so wedded to the explosive-growth conceit that he talked about overshooting with rate hikes to stamp out inflation,” the “Mad Money” host said. “The guy’s clearly paying attention to the data now. You know what? That’s all you can ask for.”

A jury has ordered Aetna to pay more than $25 million to the family of an Oklahoma City woman who died a year after the insurance company refused to cover a type of radiation therapy. Jurors found that Aetna doctors didn’t spend enough time reviewing Orrana Cunningham’s case before denying her coverage for proton beam therapy in 2014, The Oklahoman reported . The jury ruled that Aetna recklessly disregarded its duty to deal fairly and in good faith with Cunningham, who had nasopharyngeal cancer.

A jury has ordered Aetna to pay more than $25 million to the family of an Oklahoma City woman who died a year after the insurance company refused to cover a type of radiation therapy.

Jurors found that Aetna doctors didn’t spend enough time reviewing Orrana Cunningham’s case before denying her coverage for proton beam therapy in 2014, The Oklahoman reported . The jury ruled that Aetna recklessly disregarded its duty to deal fairly and in good faith with Cunningham, who had nasopharyngeal cancer.

Aetna is considering whether to appeal the ruling, which was issued this week. Company attorney John Shely said the insurer tries to do the right thing.

“If it’s in our control to change, that’s what we’re going to do,” Shely said. “Aetna has learned something here.”

An Aetna doctor denied Cunningham coverage for the therapy in 2014, deeming it experimental. Two other in-house doctors reviewed and upheld the decision.

The Food and Drug Administration had approved proton beam therapy, which is also a treatment covered by Medicare, according to Doug Terry, the family’s attorney. He alleged that Aetna denied coverage for financial reasons and that its doctors were unqualified, overworked and biased when making decisions. Court records show that one doctor complained to the insurer about having to review more than 80 cases a day.

After she was denied coverage, Cunningham and her husband decided to mortgage their home in Meeker, about 35 miles (56 kilometers) east of Oklahoma City, to pay for the therapy in Texas. She died in May 2015 at age 54.

“My wife, her goal, was to make this fight,” Ron Cunningham said. “Her comment was, ‘If we can save one person and stop Aetna from doing what they traditionally do on every claim, it was worth the battle.'”

Disney’s new streaming service will be called Disney+ and launch in late 2019, CEO Bob Iger announced on the company’s earnings call Thursday. The service will also feature new, original shows and movies, including original Marvel and Star Wars series. Marvel fan favorite character Loki, played by Tom Hiddleston, will get an original series on the Disney+ service. Disney launched a placeholder website for Disney+ that shows off logos of brands like Pixar, National Geographic and Marvel. Disney’s

Disney’s new streaming service will be called Disney+ and launch in late 2019, CEO Bob Iger announced on the company’s earnings call Thursday.

The company announced in August 2017 it would pull all its movies from Netflix in 2019, and start its own streaming offering for its past titles. Disney also purchased Fox for $71.3 billion in cash and stock, further bolstering its library.

The service will also feature new, original shows and movies, including original Marvel and Star Wars series. Marvel fan favorite character Loki, played by Tom Hiddleston, will get an original series on the Disney+ service. A prequel series to Star Wars movie “Rogue One” about the character Cassian Andor, portrayed by Diego Luna, will also call the service home.

Other original shows and movies include a rebooted version of The High School Musical franchise. It will also be a hub for animated content, including the next season of “Star Wars: The Clone Wars” and an new original animated series based on Pixar’s “Monsters Inc.” Exclusive movies include “Noel,” a Christmas movie about Santa’s daughter played by Anna Kendrick, and “Togo,” a movie about the 1925 Nome Serum Run starring William DaFoe.

Disney launched a placeholder website for Disney+ that shows off logos of brands like Pixar, National Geographic and Marvel.

Disney’s other streaming service, sports-centered ESPN+, reached 1 million paid subscribers in just five months.

The company reported its fourth-quarter earnings after the bell on Thursday. Shares went up as much as 2 percent after beating earnings and revenue estimates.

Earth’s protective ozone layer is finally healing from damage caused by aerosol sprays and coolants, a new United Nations report said. The Southern Hemisphere lags a bit and its ozone layer should be healed by mid-century. This year, the ozone hole over the South Pole peaked at nearly 9.6 million square miles (24.8 million square kilometers). That’s about 16 percent smaller than the biggest hole recorded — 11.4 million square miles (29.6 million square kilometers) in 2006. The ozone layer starts

Earth’s protective ozone layer is finally healing from damage caused by aerosol sprays and coolants, a new United Nations report said.

The ozone layer had been thinning since the late 1970s. Scientist raised the alarm and ozone-depleting chemicals were phased out worldwide.

As a result, the upper ozone layer above the Northern Hemisphere should be completely repaired in the 2030s and the gaping Antarctic ozone hole should disappear in the 2060s, according to a scientific assessment released Monday at a conference in Quito, Ecuador. The Southern Hemisphere lags a bit and its ozone layer should be healed by mid-century.

“It’s really good news,” said report co-chairman Paul Newman, chief Earth scientist at NASA’s Goddard Space Flight Center. “If ozone-depleting substances had continued to increase, we would have seen huge effects. We stopped that.”

High in the atmosphere, ozone shields Earth from ultraviolet rays that cause skin cancer, crop damage and other problems. Use of man-made chemicals called chlorofluorocarbons (CFCs), which release chlorine and bromine, began eating away at the ozone. In 1987, countries around the world agreed in the Montreal Protocol to phase out CFCs and businesses came up with replacements for spray cans and other uses.

At its worst in the late 1990s, about 10 percent of the upper ozone layer was depleted, said Newman. Since 2000, it has increased by about 1 to 3 percent per decade, the report said.

This year, the ozone hole over the South Pole peaked at nearly 9.6 million square miles (24.8 million square kilometers). That’s about 16 percent smaller than the biggest hole recorded — 11.4 million square miles (29.6 million square kilometers) in 2006.

The hole reaches its peak in September and October and disappears by late December until the next Southern Hemisphere spring, Newman said.

The ozone layer starts at about 6 miles (10 kilometers) above Earth and stretches for nearly 25 miles (40 kilometers); ozone is a colorless combination of three oxygen atoms.

If nothing had been done to stop the thinning, the world would have destroyed two-thirds of its ozone layer by 2065, Newman said.

But it’s not a complete success yet, said University of Colorado’s Brian Toon, who wasn’t part of the report.

“We are only at a point where recovery may have started,” Toon said, pointing to some ozone measurements that haven’t increased yet.

Another problem is that new technology has found an increase in emissions of a banned CFC out of East Asia, the report noted.

And the replacements now being used to cool cars and refrigerators need to be replaced themselves with chemicals that don’t worsen global warming, Newman said. An amendment to the Montreal Protocol that goes into effect next year would cut use of some of those gases.

“I don’t think we can do a victory lap until 2060,” Newman said. “That will be for our grandchildren to do.”

Merkel’s announcement is ‘too little too late’: Professor16 Hours AgoGerman Chancellor Angela Merkel’s announcement that she will not seek re-election allows for a renewal of leadership within her party, says Stefan Auer of The University of Hong Kong.

A brothel-owning Republican candidate for the Nevada state legislature who died this week will remain on the ballot and win his election in November, his campaign manager predicted on Wednesday. Dennis Hof, 72, who died on Tuesday, styled himself as America’s best-known pimp and a strip-club owner who ran multiple brothels. Hof was running for a seat in a heavily Republican district and had been favored to win. In a June interview from one of his brothels, Hof said his political fortunes had par

A brothel-owning Republican candidate for the Nevada state legislature who died this week will remain on the ballot and win his election in November, his campaign manager predicted on Wednesday.

Dennis Hof, 72, who died on Tuesday, styled himself as America’s best-known pimp and a strip-club owner who ran multiple brothels. He had nicknamed himself the “Trump from Pahrump,” after the town where he lived in Nevada.

“I feel very comfortable predicting that he is still going to win the election on November 6,” campaign manager Chuck Muth said in an interview, adding Republicans had a 2-to-1 advantage over Democrats in the state Assembly district in terms of voter registration.

Hof was running for a seat in a heavily Republican district and had been favored to win.

If he is elected, the Reno Gazette Journal reported, the vacancy that spans constituencies in multiple counties will be filled via a joint meeting process headed by county commissioners.

The Democratic candidate for the seat, Lesia Romanov, was not immediately available for comment.

“There are a lot of Republicans who were uncomfortable voting for Dennis because of the nature of his business and they now know that he is not the one who will be serving,” Muth said.

“They will feel much more comfortable casting the ballot for him knowing there will be another Republican to replace him,” he added.

In a June interview from one of his brothels, Hof said his political fortunes had parallels with those of U.S. President Donald Trump.

“This really is the Trump movement,” Hof said in the interview at Moonlite BunnyRanch, his brothel near his home in Pahrump. “People will set aside for a moment their moral beliefs, their religious beliefs, to get somebody that is honest in office.”

After Hof won the June nominating contest for the state Assembly seat, some evangelicals in his district said they had voted for him because they believed he would clean up politics and not be beholden to special-interest groups and their money.

The thrice-divorced author of “The Art of the Pimp,” who appeared on HBO’s “Cathouse,” owned a strip club and five legal brothels in Nevada, the only U.S. state with legalized prostitution.